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Home / News / 🇶🇦Why is Qatar leaving OPEC? l Inside Story

🇶🇦Why is Qatar leaving OPEC? l Inside Story



Qatar is leaving the Organization of the Petroleum Exporting Countries, or OPEC, the first Gulf country to pull out since joining more than half a century ago.
Qatar plans to expand its role as the world’s number one exporter of liquefied natural gas and boost production by more than 50 percent to 110 million tonnes a year
The decision to quit OPEC comes just days before a crucial meeting of members in Vienna to discuss cutting supplies.
Oil prices reached a four-year high of more than $80 a barrel a couple of months ago but has now dropped to about $60.
What does this mean for the global energy market?

Presenter: Richelle Carey
Guests
Abdullah Baabood, academic and researcher focusing on the Gulf region and the Middle East.
Cornelia Meyer, economist and energy expert.
Manouchehr Takin, former OPEC official.

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